Consider the Following Decision Table with Rewards in $ Millions

question 75

Multiple Choice

Consider the following decision table with rewards in $ millions. If you are using the maximax criterion and decide d₁,then x is ______.

• A) at least 8
• B) more than 8
• C) at most 5
• D) less than 8
• E) at most 2

---

Definitions:

General Rule

A widely accepted standard or procedure that is typically followed in a particular field or situation.

Agent

An individual or entity authorized to act on behalf of another, often in business transactions, creating an agency relationship.

Gratuitous Agency

An agency relationship where the agent agrees to act on behalf of another party, the principal, without receiving any compensation.

Duty Of Obedience

A legal or ethical obligation requiring individuals to follow the lawful orders and policies of an organization or authority.